The One Big Beautiful Bill Act (OBBBA) includes several provisions to terminate or phase out deductions and credits related to energy efficiency improvements. This makes the timing of when energy-efficiency…
Key Changes in Depreciation and Section 179
The One Big Beautiful Bill Act (OBBBA) significantly updates how businesses handle depreciation. These changes aim to stimulate economic growth and investment. Among these provisions, the 100% bonus depreciation and…
1099-K and 1099-MISC/NEC Reporting Changes
The One Big Beautiful Bill Act (OBBBA) changes reporting thresholds for Forms 1099-K, 1099-MISC and 1099-NEC. These changes will reduce the number of forms required, lowering the amount of administrative…
Excise Taxes on Excessive Compensation for Tax-Exempt Organizations
The One Big Beautiful Bill Act (OBBBA) contains several provisions that affect tax-exempt organizations, one of which impacts the excise tax imposed on excess compensation. Excess Compensation Changes Under Section…
Section 1202 – Gain Exclusion for Qualified Small Business Stock Investment
The One Big Beautiful Bill Act (OBBBA) substantially boosts the already significant tax break provided to qualified small business stock (QSBS) investors covered in Section 1202. Section 1202 allows investors…
